Accessing Your Checkbook IRA Funds To Invest In Foreign Real Estate
Feb. 18, 2011, Panama City, Panama: With a Self-Directed, or Checkbook, IRA, you can tap your IRA funds for the purpose of investing in foreign real estate.
Dear Live and Invest Overseas Reader,
Buying real estate overseas isn't complicated, but finding the capital to finance it can be. It's not possible to borrow locally for the purchase of real estate in many countries, including many of the ones that might interest you most. Where it is possible, you typically can get a mortgage only up to the age you can get a local life insurance policy (which is generally 75). This means that, if you're 65, you'll be able to get only up to a 10-year mortgage from a bank.